Equity investment transactions

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Reference no: EM131259985

The following equity investment transactions were completed by Chung Company in 2016:

Mar. 4 Purchased 5,000 shares of Jas Company for a price of $49 per share plus a brokerage commission of $90.

May 12 Received a quarterly dividend of $1.00 per share on the Jas Company investment.

June 17 Sold 1,100 shares for a price of $44 per share less a brokerage commission of $70.

Journalize the entries for these transactions. Refer to the Chart of Accounts for exact wording of account titles. When required, round your answers to the nearest dollar.

Reference no: EM131259985

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